Australia's Sequoia Financial Group gains on FY earnings

Sequoia Financial

27/08/2024 04:36

** Shares of Sequoia Financial Group  SEQ.AX  rise as much
as 3.8% to A$0.415, their highest level since July 8
    ** Integrated financial services co posts FY24 operating
profit of A$8.7 mln ($5.90 mln), up 88% from FY23
    ** FY revenues from ordinary operating activities A$124.6
mln, up 26.4%
    ** About 859,200 shares change hands by 0328 GMT, 2.6 times
the 30-day average volume of shares
    ** Stock down 28.6% this year, as of last close

($1 = 1.4751 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))